Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $21,300 to her account. What amount of the distribution is taxable and subject to early distribution penalty? Multiple Choice $0. $5,650 $35,200.
Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $21,300 to her account. What amount of the distribution is taxable and subject to early distribution penalty? Multiple Choice $0. $5,650 $35,200.
Chapter1: Financial Statements And Business Decisions
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Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA, At the time of the distribution, the balance in the Roth IRA was
$200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $21,300 to her account. What amount of the
distribution is taxable and subject to early distribution penalty?
Multiple Choice
$5,650.
$35,200.
< Prey
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9:58 PM
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3/1/2021
13 O
14 O
1S
17 C
18 C
19 D
f10 D
f11
home
end
[7
8
3
8
R
T.
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5"
Transcribed Image Text:O taxqueenz - Login
Content
O Question 4 - Wk 2 - Apply: Appli x
mheducation.com/ext/map/index.html?_con=con&external_browser=08&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmh..
ply: Application Assignment [due Day 7 A
Saved
Help
Save & Exit
Submit
Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA, At the time of the distribution, the balance in the Roth IRA was
$200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $21,300 to her account. What amount of the
distribution is taxable and subject to early distribution penalty?
Multiple Choice
$5,650.
$35,200.
< Prey
4 of 20
Next >
O # e 9
to search
9:58 PM
(?
3/1/2021
13 O
14 O
1S
17 C
18 C
19 D
f10 D
f11
home
end
[7
8
3
8
R
T.
4
5
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